Lot 224
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Raumbeispiel
224
Francesco Clemente
Sky and Water, 2001/02.
Watercolor
Post auction sale: € 20,000 / $ 21,000
Sky and Water. 2001/02.
Watercolor.
On off-white watercolor paper. 113 x 113.3 cm (44.4 x 44.6 in), the full sheet. [JS].
• Along with Sandro Chia , Enzo Cucchi and Mimmo Paladino, the Italian-American artist is one of the protagonists of the postmodern Italian trans-avant-garde.
• In the 1980s, Clemente worked in New York with Andy Warhol and Jean-Michel Basquiat for some time.
• Francesco Clemente is represented by, among others, Gagosian Gallery, New York, and Mary Boon Gallery, New York.
• Clemente's work is in major international collections like the Museum of Modern Art, New York, the National Gallery of Canada, Ottawa, and the Museum of Fine Arts, Boston.
PROVENANCE: Gagosian Gallery, London (with the label on the reverse).
Private collection Berlin (acquired from the above in 2002, ever since family-owned).
Watercolor.
On off-white watercolor paper. 113 x 113.3 cm (44.4 x 44.6 in), the full sheet. [JS].
• Along with Sandro Chia , Enzo Cucchi and Mimmo Paladino, the Italian-American artist is one of the protagonists of the postmodern Italian trans-avant-garde.
• In the 1980s, Clemente worked in New York with Andy Warhol and Jean-Michel Basquiat for some time.
• Francesco Clemente is represented by, among others, Gagosian Gallery, New York, and Mary Boon Gallery, New York.
• Clemente's work is in major international collections like the Museum of Modern Art, New York, the National Gallery of Canada, Ottawa, and the Museum of Fine Arts, Boston.
PROVENANCE: Gagosian Gallery, London (with the label on the reverse).
Private collection Berlin (acquired from the above in 2002, ever since family-owned).
224
Francesco Clemente
Sky and Water, 2001/02.
Watercolor
Post auction sale: € 20,000 / $ 21,000
Buyer's premium, taxation and resale right compensation for Francesco Clemente "Sky and Water"
This lot can be purchased subject to differential or regular taxation, artist‘s resale right compensation is due.
Differential taxation:
Hammer price up to 800,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 4,000,000 €.
The buyer's premium contains VAT, however, it is not shown.
Regular taxation:
Hammer price up to 800,000 €: herefrom 27 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 21% and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 4,000,000 €.
The statutory VAT of currently 19 % is levied to the sum of hammer price and premium. As an exception, the reduced VAT of 7 % is added for printed books.
We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.
Calculation of artist‘s resale right compensation:
For works by living artists, or by artists who died less than 70 years ago, a artist‘s resale right compensation is levied in accordance with Section 26 UrhG:
4 % of hammer price from 400.00 euros up to 50,000 euros,
another 3 % of the hammer price from 50,000.01 to 200,000 euros,
another 1 % for the part of the sales proceeds from 200,000.01 to 350,000 euros,
another 0.5 % for the part of the sale proceeds from 350,000.01 to 500,000 euros and
another 0.25 % of the hammer price over 500,000 euros.
The maximum total of the resale right fee is EUR 12,500.
The artist‘s resale right compensation is VAT-exempt.
Differential taxation:
Hammer price up to 800,000 €: herefrom 32 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 27 % and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 22 % and is added to the premium of the share of the hammer price up to 4,000,000 €.
The buyer's premium contains VAT, however, it is not shown.
Regular taxation:
Hammer price up to 800,000 €: herefrom 27 % premium.
The share of the hammer price exceeding 800,000 € is subject to a premium of 21% and is added to the premium of the share of the hammer price up to 800,000 €.
The share of the hammer price exceeding 4,000,000 € is subject to a premium of 15% and is added to the premium of the share of the hammer price up to 4,000,000 €.
The statutory VAT of currently 19 % is levied to the sum of hammer price and premium. As an exception, the reduced VAT of 7 % is added for printed books.
We kindly ask you to notify us before invoicing if you wish to be subject to regular taxation.
Calculation of artist‘s resale right compensation:
For works by living artists, or by artists who died less than 70 years ago, a artist‘s resale right compensation is levied in accordance with Section 26 UrhG:
4 % of hammer price from 400.00 euros up to 50,000 euros,
another 3 % of the hammer price from 50,000.01 to 200,000 euros,
another 1 % for the part of the sales proceeds from 200,000.01 to 350,000 euros,
another 0.5 % for the part of the sale proceeds from 350,000.01 to 500,000 euros and
another 0.25 % of the hammer price over 500,000 euros.
The maximum total of the resale right fee is EUR 12,500.
The artist‘s resale right compensation is VAT-exempt.